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HDFC AMC This autumn profit-after-tax drops 9 per cent to Rs 250 crore

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HDFC AMC Q4 profit-after-tax drops 9 per cent to Rs 250 crore
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HDFC AMC This autumn profit-after-tax drops 9 per cent to Rs 250 crore

HDFC Asset Administration Firm on Saturday reported a 9 per cent drop in profit-after-tax at Rs 250 crore for the three months ended March 2020.

Compared, it had posted a profit-after-tax of Rs 276.17 crore within the year-ago interval, HDFC AMC stated in a regulatory submitting to the inventory exchanges.

Its whole earnings declined to Rs 449.62 crore within the fourth quarter ended March 31, 2020 from Rs 547.67 crore in the identical interval a yr in the past.

“The board of administrators has proposed a remaining dividend of Rs 28 per fairness share for the yr ended March 31, 2020, topic to the approval of the shareholders on the ensuing annual basic assembly,” the corporate stated.

The typical property below administration of the fund home elevated to Rs 3.7 lakh crore as of March 31, 2020 in comparison with Rs 3.42 lakh crore as on March 31, 2019.

For your complete fiscal 2019-20, the fund home profit-after-tax surged 36 per cent to Rs 1,262.41 crore from Rs 930.6 crore within the previous fiscal.
Its whole earnings rose to Rs 2,143.43 crore for 2019-20 from Rs 2,096.78 crore within the previous fiscal.

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